A.K. DRIFT AS: årsregnskap 2010 vs 2009
Shrank 142% on revenue, weaker earnings
approved 2011-11-02; registry 2011-11-05; journal 2011 793690
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A.K. DRIFT AS. Revenue 276.2k NOK → -114.9k NOK (-141.6%). Net result -144.9k NOK → -196.2k NOK. Equity -1.07m NOK → -1.27m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A.K. DRIFT AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 276.2k NOK to -114.9k NOK (-141.6% YoY). Calculated
-
↓
Operating result weakened
Operating result -88.2k NOK → -188.4k NOK (op. margin -31.9% → 164.0%). Calculated
-
↓
Net result weakened
Net result -144.9k NOK → -196.2k NOK (net margin -52.5% → 170.8%). Calculated
-
↓
Equity eroded
Book equity -1.07m NOK → -1.27m NOK (equity ratio -249.3% → -3309.9%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.00× → 0.59× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -3309.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation